News

Shutterfly Inc. (SFLY) is Trading Lower on Unusual Volume for February 04

Market Summary

Shutterfly Inc. is a Shutterfly Inc. is a personal services company that primarily manufactures and retails photo-based products and services for customers in the United States through its portfolio of brands.

Shutterfly Inc. (SFLY) experienced unusually high volume on Feb. 04, as the stock lost 5.22% to a closing price of $37.56. The stock saw 2.8 million shares trade hands over the course of the day on 22,447 trades. Given that the stock’s average daily volume over the last month has been 348,229 shares a day, this represents a pretty substantial spike over the norm.

Shutterfly Inc. has a P/B ratio of 2.53. The stock has traded between $49.10 and $35.22 over the last 52-weeks, its 50-day SMA is now $43.31, and its 200-day SMA $43.21.

Shutterfly Inc manufacturers and digitally retails personalized products and services offered through a family of lifestyle brands.

Headquartered in Redwood City, CA, Shutterfly Inc. has 1,812 employees and is currently under the leadership of CEO Jeffrey T. Housenbold.

THE IMPORTANCE OF THE RUSSELL 3000

The Russell 3000 is not well known outside the world of finance, but it’s one of the strongest indices out there for getting a broad sense of the stock market. Unlike the better-known Dow Jones Industrial Average or S&P 500, membership on the Russell 3000 isn’t selected by committee. It’s simply the 3,000 most valuable companies in the country.

With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.

DISCLOSURE:
The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Invictus MD Strategies Corp is focused on two main verticals within the Canadian cannabis sector under the Access to Cannabis for Medical Purposes Regulations having investment in Acreage Pharms Ltd.,…